Commonwealth Numbered Regulations Commonwealth Numbered Regulations(1) A leviable entity forms part of the auditors of disclosing entities sub-sector in a financial year if, at any time in the financial year, the entity is, or has consented to be, an audit entity for a disclosing entity with quoted securities.
Entity metric
(2) The leviable entity's entity metric for the sub-sector for the financial year is the total of the fees paid or payable to the entity in the financial year for the auditing and review of financial reports that relate to:
(a) a disclosing entity with quoted securities; or
(b) an entity controlled by a disclosing entity with quoted securities.
(3) For the purposes of paragraph (2)(b), the question of whether a disclosing entity controls another entity is to be decided in accordance with the accounting standard AASB 10 Consolidated Financial Statements .